MakerDAO will not Dai
Okay, the title is a little dramatic. I won’t be covering why MakerDAO won’t die (dai), or why Dai is better than the others. I’ll just be giving a shallow dive into MakerDAO. Before we start, watch this video on Vitalik Buterin, Co-founder of Ethereum, saying that he's “definitely impressed by MakerDAO”. If that doesn’t warrant your interest, I don’t know what will. Okay, let’s get started.A brief history of MakerDAOLet’s turn back to 7 years ago to a reddit post by Rune Christensen thr...
MakerDAO will not Dai
Okay, the title is a little dramatic. I won’t be covering why MakerDAO won’t die (dai), or why Dai is better than the others. I’ll just be giving a shallow dive into MakerDAO. Before we start, watch this video on Vitalik Buterin, Co-founder of Ethereum, saying that he's “definitely impressed by MakerDAO”. If that doesn’t warrant your interest, I don’t know what will. Okay, let’s get started.A brief history of MakerDAOLet’s turn back to 7 years ago to a reddit post by Rune Christensen thr...
Why I know Web3 will make it
We often hear these three keywords about blockchain: Trustless (no middlemen), Permissionless (everyone can participate), and Open/Transparent (open-source). If you’re like me a few months back, I’ll be like: Okay…… That’s nice. But really, I think the most important thing about these three characteristics is that they will push forward innovation like we’ve never seen before. Enter the world of PERMISSIONLESS INNOVATION Let’s talk about that today. But before that, let’s enter the web2 world...
Why I know Web3 will make it
We often hear these three keywords about blockchain: Trustless (no middlemen), Permissionless (everyone can participate), and Open/Transparent (open-source). If you’re like me a few months back, I’ll be like: Okay…… That’s nice. But really, I think the most important thing about these three characteristics is that they will push forward innovation like we’ve never seen before. Enter the world of PERMISSIONLESS INNOVATION Let’s talk about that today. But before that, let’s enter the web2 world...
The Foundation of Bitcoin - SHA256 (Web3 Analogies)
Bitcoin is nothing without SHA-256. In fact, we’re pretty much screwed if SHA did not exist. Let’s talk about how SHA-256 is used in bitcoin and why it’s so important. But before that, let’s go over a few key concepts, some history, and some existing examples of how SHA is used.KEY CONCEPTSIt’s a one way function This basically means that once I get a hash from a particular set of data, an outsider will not be able to decipher the message from the hash by itself. E.g. Inputting ‘Web3’ into th...
The Foundation of Bitcoin - SHA256 (Web3 Analogies)
Bitcoin is nothing without SHA-256. In fact, we’re pretty much screwed if SHA did not exist. Let’s talk about how SHA-256 is used in bitcoin and why it’s so important. But before that, let’s go over a few key concepts, some history, and some existing examples of how SHA is used.KEY CONCEPTSIt’s a one way function This basically means that once I get a hash from a particular set of data, an outsider will not be able to decipher the message from the hash by itself. E.g. Inputting ‘Web3’ into th...
![Cover image for Crypto Wallet vs Your Other Stuff [Web3 Analogies]](https://img.paragraph.com/cdn-cgi/image/format=auto,width=3840,quality=85/https://storage.googleapis.com/papyrus_images/526e96ae522f39258e21c9b2c71f81c46a055ae54416056aa2f2d4668cb6e569.jpg)
Crypto Wallet vs Your Other Stuff [Web3 Analogies]
Let’s talk money. Or rather, a thing to keep your money in. If you’ve dipped your toes even slightly in the web3 space, you’ve probably heard the term ‘wallet’ floating around, maybe even heard about metamask. It’s most likely the very first thing you need if you’d like to participate in the DeFi space. But what is it really? What’s self-custody (non-custodial) anyway? As per the cambridge dictionary, ‘custody’ means the legal right or duty to care for someone or something. ‘Self’ basically m...
Crypto Wallet vs Your Other Stuff [Web3 Analogies]
Let’s talk money. Or rather, a thing to keep your money in. If you’ve dipped your toes even slightly in the web3 space, you’ve probably heard the term ‘wallet’ floating around, maybe even heard about metamask. It’s most likely the very first thing you need if you’d like to participate in the DeFi space. But what is it really? What’s self-custody (non-custodial) anyway? As per the cambridge dictionary, ‘custody’ means the legal right or duty to care for someone or something. ‘Self’ basically m...
